What Would You Ask A Big Bank Representative?

Monday, October 03, 2011 - 01:44 PM

Last week and today, we've been covering added charges for basic banking needs as well as the Wall St. protest movement that seems to be emerging. Tomorrow, we plan to speak to a person from a big bank — or at least, someone who represents their point of view. We want to ask them questions from listeners. What would you ask a representative of big banks?

Leave a comment here, call us at 1-877-8-MY-TAKE, or text "start" to join our daily text question team. Let us know what you'd like a representative of banking giants to answer to.

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Comments [4]

In addition to all the TARP opportunities and big pay executives, now, what ever happen to the desire to provide customer service? I was in a Band of America branch in Michigan last Saturday morning to add a signer to my checking account, waiting to see a "customer service representative". There was hardly anyone else in the bank lobby. The manager, who was merely standing around greeting bank patrons, came over to us and said that he recommended we come back another time because the wait would be about 30 minutes to accomplish that!!! Why in the world didn't he take us to a desk and add the name himself? He was abrupt and offended at such a suggestion. The public is being cheated at the expense of the money lenders!

Executives and CEOs set the pay of their colleagues, and by logical extension, themselves. The only argument I've heard in favor of executive compensation is that it's set by the market - leave the market alone!

But there's not a scrap of free market to be had here - when have you heard of a shop owner setting the price for a can of coke, or for anything else? Indeed, the only factors keeping executive compensation high are a specific *lack* of democratic process, and *lack* of free market access.

With that context, how do you defend the record high compensation for the top boss at your bank?